Metalized Pet Bottles Market - Global Industry Analysis, Growth, Trends, and Forecast 2016 - 2024
Albany, NY -- (SBWIRE) -- 04/10/2018 -- Plastic constitutes over 30% of the global packaging market, with rigid plastic accounting about 17% of the overall market. Contemporary market requirements for better and innovative ways of packaging has been the biggest concern for the product manufacturing companies. To have a competitive edge in the market, every manufacturers are looking forward to new, innovative means of packaging that are appealing and receptive to consumers.
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Metalized pet bottle is gaining popularity among manufacturers, looking low-cost but quality packaging bottles. Mounting demand for personal care and cosmetic products globally, is the key driving factor accelerating growth of metalized pet bottles packaging market. The sales of metalized pet bottles packaging is also fueled by the increasing consumption of beverage products.
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Meanwhile the perfume and antiperspirant industry aids in driving significant demand in the metalized pet bottles packaging market. Increase in sales of cosmetics, antiperspirant, personal care and beverage products worldwide will significantly stimulate the demand for the metalized pet bottles, creating robust $ opportunity over the forecast period. However, capital intensive nature of metalized pet bottles packaging machines and presence of other economical plastic packaging are the limiting factors for the metalized pet bottles packaging market.